TARGET INSURANCE COMPANY LTD (MANAGERS APPOINTED UNDER SECTION 35(2)(B) OF THE INSURANCE ORDINANCE (CAP 41)) V. NG YU AND OTHERS

[2025] HKCA 150 Court of Appeal 18 February 2025 • CACV64/2023 • 40 min read
4 cases cited (0 SG, 4 foreign) Cited by 2 cases

Practice Areas

Insurance Ordinance

Judges (2)

Au Coram Chow Coram

Counsel (6)

DLA Piper Hong Kong Firm Lawrence Chan & Co Firm Jeff Yau Counsel Defendant Jonathan Chang Counsel Plaintiff Martin Ho Counsel Plaintiff Robert Whitehead Counsel Defendant

Parties (7)

Amber Hill Capital Limited Defendant Amber Hill Es Fund Spc Defendant Neo Tech Inc Defendant Target Insurance Company Limited (Managers Appointed Under Section 35(2)(b) of the Insurance Ordinance ( Cap 41 )) Plaintiff Yf Securities Pte. Ltd Defendant Lee Cheuk Fung Jerff Defendant Ng Yu Defendant

Summary

Appeal by Target Insurance Company Ltd (under management) against Ng Yu and several corporate defendants including Amber Hill ES Fund SPC and related entities. The case concerned proprietary and non-proprietary injunction claims arising from alleged mismanagement of insurance company assets. The Court of Appeal addressed complex issues of insurance regulation and asset recovery.

Statutes Cited

Insurance Ordinance
s 13B(2)(a)

Cases Cited (4)

HK (4)
[2020] 6 HKC 81 [2022] HKCA 280 [2023] HKCFI 565 [2023] HKCFI 7

Cited By (2)

[2026] HKDC 230
EVERCARE HEALTH LTD V. SO LAI KAN ALSO KNOWN AS GOBBY SO AND OTHERS
[2025] HKCA 1024
TARGET INSURANCE COMPANY LTD (IN COMPULSORY LIQUIDATION) V. NERICO BROTHERS LTD

Judgment

Read the full judgment on the official Hong Kong Courts portal.

Read on HKLII

Source: HKLII ([2025] HKCA 150)